Lincoln on Balancing the Budget

“I would not borrow money. I am against an overwhelming, crushing system. Suppose, that at each session, congress shall first determine how much money can, for that year, be spared for improvements; then apportion that sum to the most important objects.”

Speech in Congress, June 20, 1848

“As an individual who undertakes to live by borrowing soon finds his original means devoured by interest, and next to no one left to borrow from, so it must be with a government.”

Whig Circular, March 4, 1843

 


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